Europe Military Satellite Market Size

Europe Military Satellite Market Analysis

The Europe Military Satellite Market size is estimated at USD 2.92 billion in 2024, and is expected to reach USD 5.31 billion by 2029, growing at a CAGR of 12.70% during the forecast period (2024-2029).

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2.92 Billion

Market Size in 2024 (USD)

5.31 Billion

Market Size in 2029 (USD)

10.68 %

CAGR (2017-2023)

12.70 %

CAGR (2024-2029)

Largest Market by Satellite Mass

68.18 %

value share, above 1000kg, 2022

Large satellites have a higher demand owing to their applications, such as satellite radio, communications, remote sensing, planetary security, and weather forecasting.

Largest Market by Satellite Subsystem

80.28 %

value share, Propulsion Hardware and Propellant, 2022

The demand for these propulsion systems is driven by the launch of mass satellite constellations into space. They are used for transferring the spacecraft to the orbit.

Largest Market by Orbit Class

84.81 %

value share, LEO, 2022

LEO satellites are increasingly being adopted in modern communication technologies. These satellites serve an important role in Earth observation applications.

Largest Market by Application

83.28 %

value share, Earth Observation, 2022

Earth observation satellites are used for weather forecasting, forestry mapping, and pollution monitoring. The growing adoption of VAS by private companies and organizations is likely to fuel the growth of satellite-based Earth observation.

Leading Market Player

67.60 %

market share, ROSCOSMOS, 2022

Roscosmos, also known as Roscosmos State Corporation for Space Activities, designs and manufactures various military satellites. It is a major supplier for the Russian Ministry of Defense and Military Space Forces (VKS).

LEO satellites are driving the market's growth and occupies a significant share of 84% in 2029

Europe Military Satellite Industry Segmentation

10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg are covered as segments by Satellite Mass. GEO, LEO, MEO are covered as segments by Orbit Class. Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms are covered as segments by Satellite Subsystem. Communication, Earth Observation, Navigation, Space Observation, Others are covered as segments by Application.

• There is a growing need for secure and resilient communication systems to support military operations. European countries are investing in military satellite systems that offer enhanced encryption capabilities and protection against cyber threats. These systems ensure reliable and secure communication channels for command and control, intelligence gathering, and coordination among military forces.
• At launch, a satellite or spacecraft is usually placed in one of several special orbits around the Earth, or it can be launched during interplanetary travel. There are three types of Earth orbits, namely, geostationary orbit (GEO), medium Earth orbit, and low Earth orbit. Many weather and communications satellites tend to have high Earth orbits farthest from the surface. Medium Earth orbit satellites include navigational and specialized satellites that are designed to monitor a specific area. Most science satellites, including those, are in low Earth orbit.
• The different satellites manufactured and launched in this region have different applications. For instance, during 2017-2022, out of the 16 satellites manufactured and launched in MEO, most were built for navigation/global positioning purposes. Similarly, out of the 14 satellites in GEO, most were deployed for communication and Earth observation purposes. European organizations owned around 500+ LEO satellites that were manufactured and launched during the historical period.
• The growing use of satellites in areas such as electronic intelligence, Earth science/meteorology, laser imaging, electronic intelligence, optical imaging, and meteorology is expected to drive demand for space sensors in the European satellite launch vehicle market during the forecast period. During 2023-2029, the market is expected to surge by 104%.